Procera Networks to buy Vineyard Networks

Procera Networks Inc. has agreed to buy Canadian deep-packet inspection company Vineyard Networks Inc. in a deal worth $28 million Canadian.

Redwood City-based Procera, a policy enforcement company, will use the acquisition to "extend its Intelligent Policy Enforcement business into the growing Enterprise DPI market," according to a release.

Deep packet inspection "helps networks assess what’s being used and when, which they then use to create more nuanced pricing models," according to TechCrunch.

The deal includes $15.4 million Canadian in Procera stock and $12.6 million Canadian in cash, according to the release, and is expected to close by January 15.